National accounts

Selected series for macroeconomic analysis derived from national accounts and labour force data

• The Australian economy rose 0.3% in seasonally adjusted chain volume measures
• In nominal terms, GDP rose 0.4%
• The terms of trade fell 2.5%
• Household saving to income ratio rose to 3.2% from 2.4% 

In 2023-24,

• tourism gross domestic product (GDP) was $78.1b in current prices
• tourism GDP rose 5.5% in chain volume terms
• international tourism consumption rose by $10.8b in chain volume terms
• domestic tourism consumption fell by $2.3b in chain volume terms
• tourism filled jobs rose 5.7% to 691,500.

• Gross State Product (GSP) rose in all states and territories in 2023-24
• The strongest result was observed in the Northern Territory, which grew 4.6%, followed by the Australian Capital Territory (4.0%), Queensland (2.1%) and Victoria (1.5%)

Supply-Use tables balance the three measures of GDP and provide detailed information about the supply and use of products in the Australian economy.

• The Australian economy grew 1.4% in chain volume terms in 2023-24
• Labour productivity was flat (0.0%)
• The household saving ratio decreased to 2.5% from 3.8% in 2022-23
• National net worth rose $1.5 trillion to $20.5 trillion

• Household wealth increased $249.7b (1.5%) to $16,477.2b.
• Demand for credit was $97.9b. 
• Australia's net borrowing position fell by $0.3b to $9.4b this quarter.
• Capital investment as a proportion of GDP rose to 24.2%.

In June quarter 2024, there were 634,400 tourism jobs. This was:

• 11,500 (-1.8%) less jobs than March quarter 2024
• 12,300 (2.0%) more jobs than June quarter 2023
• 1 in 25 (4.0%) filled jobs in the economy

In 2022-23, the Australian defence industry:

• contributed $10.6b (0.44%) to Australia’s gross value added, up 4.1% from the previous year
• employed 64,100 persons, up 6.3% from the previous year
• consisted of 5,544 Australian businesses

Input–Output (I-O) tables provide detailed information about the supply and use of products in the Australian economy

• Total transport activity contributed 7.9% ($164.4b) to GDP in 2020-21.
• Total transport activity was the second largest industry contributor to the Australian economy behind mining in 2020-21.
• There were around 1.2 million employed persons in the total transport industry (including warehousing) in 2020-21.

Integrates ABS micro and macro data to produce distributional information of household income, consumption and wealth

This product details Australian production, imports, margins, taxes, subsidies, intermediate and final usage, and exports of over 900 products

Estimates of the direct contribution that NPIs make to the Australian economy, including to gross value added and gross domestic product